Establishment Of Companies In Abroad Countries
Wed, Jan 9th 2019, 14:31
Law of each country is quite different from the other. Take for example if anything is legal in a country then the same thing is illegal in another country.
Law of eachcountry is quite different from the other. Take for example if anything is legal in a country then the same thing is illegal in another country. All this mainly depends upon the administration and type of Government of the said country. To be very specific to set up a company there are certain rules and guidelines that must be followed by the company.
The Law of the Countries in Company Establishment:
To set up a company and do business in Hong Kong a company is abided by certain rules and regulation. In fact, it can be well said in this context that to set up Hong Kong Company some legal formalities must be fulfilled.
It should be registered by following the law of that country. In case of registration, the company must take the assistance of legal professionals. They can guide and assist during the filling up of forms. A company must be formed in a proper way.
It has been seen in several cases that Hong Kong company incorporation also follows a good process. Before the process of incorporation is done a company should be registered properly. An application for registration must be submitted to the office of Registrar of the said country.
There are mainly three processes of registration. The first one is via online mode. It will be completed within 24 hours. The second option is to do e-filling. The third one is to go to the office and submit the hard copy of the form by filling it properly.
Along with the form, there are certain documents that must also be submitted. The first one is the incorporation form. The second one is the Xerox copy of the company’s Articles of Association. The third and important document is a notice that is to be served to the Business Registration Office.
Other Formalities of Company Registration:
On the other hand, the limited Company formation is also an important one. Along with this, the applicant should also submit identity proofs like passport or Voter Identity Cards etc. There are many advantages of the Limited company is that the owner has to pay less tax other than a sole trader.
The company should also have a proper Memorandum of Association or MOA. This must clearly state the name of the employees along with their names and contact details. This is the most crucial part of any company.
On the other hand, the registration process of any type of offshore company is quite different from the other. In case the candidate is not a resident of that country then he should also submit his non-residential certificate at the time of registration.
In other words, it can be correctly said that the setting up business in Hong Kong is quite simple and easy as the bodies that are associated with this service is very cordial and helpful in nature. They cooperate with the applicants in a very wonderful way and in case of any problem they assist them fully. This is their great quality.